The branching out of financial conglomerates into several product lines that reduces the dependence of the financial conglomerate on any single product line is known as
A) risk-reduction.
B) diversification.
C) economies of scope.
D) risk-abatement.
Correct Answer:
Verified
Q57: The percentage of a stock purchase that
Q58: Most investment companies are _ and called
Q59: Both load and no-load mutual funds
A)charge commissions
Q60: A _ is a mutual fund that
Q61: Firms that own and operate several different
Q63: Which of the following is false?
A)The load
Q64: The _ is the price at which
Q65: The bid price is the price at
Q66: The _ is the price at which
Q67: A group of investment banks that underwrites
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